Longhorn Company reported the following data at year-end: $$\begin{array} { l r }
\text { Total stockholders' equity } & \$ 200,000 \
\text { Current liabilities } & 75,000 \
\text { Total assets } & 350,000 \
\text { Current assets } & 80,000 \
\text { Common stock (par } \$ 10 ) & 125,000
\end{array}$$ Required:
Calculate each of the following ratios. Round your answers to two decimal places.
A. Debt-to-equity ratio
B. Current ratio

Question

Longhorn Company reported the following data at year-end: $$\begin{array} { l r } 
\text { Total stockholders' equity } & \$ 200,000 \
\text { Current liabilities } & 75,000 \
\text { Total assets } & 350,000 \
\text { Current assets } & 80,000 \
\text { Common stock (par } \$ 10 ) & 125,000
\end{array}$$ Required:
Calculate each of the following ratios. Round your answers to two decimal places. 
A. Debt-to-equity ratio
B. Current ratio

Quizplus · Accepted Answer

The Answer of Longhorn Company reported the following data at year-end: $$\begin{array} { l r } 
\text { Total stockholders' equity } & \$ 200,000 \
\text { Current liabilities } & 75,000 \
\text { Total assets } & 350,000 \
\text { Current assets } & 80,000 \
\text { Common stock (par } \$ 10 ) & 125,000
\end{array}$$ Required:
Calculate each of the following ratios. Round your answers to two decimal places. 
A. Debt-to-equity ratio
B. Current ratio

Longhorn Company Reported the Following Data at Year-End Required: Calculate Each of the Following Ratios

Longhorn Company Reported the Following Data at Year-End Required:
Calculate Each of the Following Ratios